LONDON, 28-Apr-2016 — /EuropaWire/ —
John Holland-Kaye, Chief Executive Officer of Heathrow, said:
“It’s been a fantastic start to 2016 and Heathrow is performing strongly on all fronts. Our colleagues are delivering excellent value for our passengers – better service at a lower cost.
“At a time of uncertainty about Britain’s place in the world, families and businesses are counting on the Prime Minister to secure Britain’s long term future. An expanded Heathrow will be an economic powerhouse, a global symbol of a confident, outward looking Britain. Let’s make it happen.”
At or for three months ended 31 March | 2016 | 2015 | Change (%) |
(£m unless otherwise stated) | |||
Revenue | 642 | 622 | 3.2 |
EBITDA(1) | 367 | 342 | 7.3 |
Cash generated from operations | 332 | 316 | 5.1 |
Cash flow after investment and interest(2) | (27) | (53) | n.m |
Pre-tax profit(3) | 23 | 19 | 21.1 |
Heathrow (SP) Limited consolidated net debt(4) | 11,884 | 11,745 | 1.2 |
Heathrow Finance plc consolidated net debt(4) | 12,785 | 12,670 | 0.9 |
Regulatory Asset Base(4) | 14,911 | 14,921 | (0.1) |
Passengers (m)(5) | 16.8 | 16.4 | 2.6 |
Retail revenue per passenger (£) (5) | 8.10 | 7.52 | 7.7 |
Notes 1-5: see page 2
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